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COMPANY REGISTRATION NUMBER: NI670343
Adrian Pollock Cars Ltd
Filleted Unaudited Financial Statements
30 June 2023
Adrian Pollock Cars Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Current assets
Stocks
59,769
47,374
Debtors
4
2,276
Cash at bank and in hand
22,326
28,996
--------
--------
84,371
76,370
Creditors: amounts falling due within one year
5
95,730
82,051
--------
--------
Net current liabilities
11,359
5,681
--------
-------
Total assets less current liabilities
( 11,359)
( 5,681)
--------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 11,360)
( 5,682)
--------
-------
Shareholders deficit
( 11,359)
( 5,681)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 March 2024 , and are signed on behalf of the board by:
Mr A Pollock
Director
Company registration number: NI670343
Adrian Pollock Cars Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 2 Rash Road, Omagh, Northern Ireland, BT78 5NH. The principal activity of the company is the sale of used cars and light motor vehicles.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
4. Debtors
2023
2022
£
£
Other debtors
2,276
-------
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
601
600
Social security and other taxes
1,042
Other creditors
95,129
80,409
--------
--------
95,730
82,051
--------
--------